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-about website has asked for a thumbs up for a $5 billion ipo. founder mark zuckerberg is very much in charge. he expects to make a mint. expected on a valuation of $18 million, he could have a value of $22 billion. just as important for zuckerberg, though, he retains 57% voting control of the company. why buy the shares? well, in 2011, facebook took $1 billion of profits with revenues of $3.8 billion. that's up 65% on its 2010 earnings. pretty robust numbers there. 85% of the site's revenue comes from advertising. 12% comes from the games company zynga. interesting mark zuckerberg maintaining tight control on the company. it's not usual for companies to do this. in this case, it will be quite well received because he's such the visionary. he's the founder. and he's make nothing bones about the fact that he intends to continue to drive the company very much in the way he thinks it needs to grow. >> yes. some people have said he could be the next steve jobs of the world of social networking. of course, we know more about facebook than ever before. and at first glance, those figures look pretty pro
and unfinished wood and concrete floors. i hear that mark zuckerberg and cheryl sandberg are to be in the office today and we can expect them to give a speech to employees, gathered together all the employees, perhaps all 2,000 that are in the eight office buildings, once that s-1 is filed. i'm sure they'll be celebrating. they have these mini conference rooms, since it is an open plan, they have mini conference rooms where there's a treadmill in there so people can be on conference calls, and talking on the phone and walking at the same time. they have bars with alcohol, that includes beers on tap as well as hard alcohol for people to gather and have happy hours. there's about five of those throughout the campus. and of course, my crow kitchens, and free giant cafeteria. everybody talks about facebook, writing on your virtual wall, writing on your wall. and you can actually write on the real wall with a blackboard paint up in hers headquarters. >> julia, let's talk revenue, and the sources of the company's bread and butter here. what do we know in terms of what's about to come out in that filin
? compensation, some of the statistics i thought were fascinating. mark zuckerberg -- >> we'll get it in the 7:00 hour. >> do you want to tease us with cheryl sandberg? >> $30 million. >> zuckerberg made half a million. >> more than that when you count options. >> fuhrman said he made twice as much money than lebron james. he tweeted that. lebron james flamed out so what? >> shell will be worth, what? $300 million. >> close to that. >> we'll talk about it in a bit. she has money from google, too? >> i assume so. i don't know. >> she doesn't have to worry about it. i hope not. >> she is one of the very rich, part of the 1%. you didn't see that yesterday? >> i did see that. >> but you didn't hear me say it. >> i did -- >> but you are moving on. >> i was already on to the news. >> i am familiar with that. go on. >>> now to the economy this morning, a couple of key reports today at 8:30 a.m. eastern time we're going to get weekly jobless claims and fourth quarter productivity and costs. the meantime the nation's retailers will report january sales, reuters same store sales index expected to post a
, more savings. now, that's progressive. call or click today. >>> facebook founder mark zuckerberg's decision to go public could cost him big time. the site's public offering on the stock market is going to make zuckerberg a billionaire it will also stick him with a tack bill that could reach as high as two billion dollars because he wants to significantly increase his ownership in the company. facebook says zuckerberg will likely sell enough of his shares to cover the tax bill. >> nice to be in that position. >> exactly. >>> meteorologist mike nicco here. we had rain this morning is it just about out of here? >> steady rain, but still showers will continue by tonight it is completely gone. i'll show you how much rain fell in the a second. the flurries in tahoe not much of a snow maker the most is a half inch to an inch as we expected just not helping the situation out much if at all. a few people on the ski lift there, still good powder to be snowed on skied on. here we are looking at clouds not as thick as they were this morning starting to thin out. emeryville towards san franci
zuckerberg a rich man. he will take ohm $1 in i am as steve jobs did. he owns 21% of the company that means if they raise the expected $100 billion, zuckerberg will earn $28 billion. but money isn't everything to zuckerberg. in today's filing he wrote, "we don't build services to make money. we make money to build better services." >>> the state public utilities commission granted pg&e customers the right to opt out of having a smart meter, but you have to pay for the privilege. to cover the cost of the analog meter you have now and for someone to read it, you have to pay a $75 fee plus an extra $10 a month. low income customers would pay less. the smart meters have drawn fire from people who have questioned their accuracy and others concerned about privacy and health. one activist issued a statement saying opting outdoes absolutely nothing to address the problem of being exposed to the continuous pulsing of neighboring smart meters 24/7. the pg and e says the smart radios emit an amount well in the the safety standard. >>> a spokesman says a small amount of radio active gas could have esca
facebook's upcoming decision to go public may cost >>> facebook founder mark zuckerberg's decision to go public could cost him big time. the site's public offering on the stock market is going to make zuckerberg a billionaire it will also stick him with a tack bill that could reach as high as two billion dollars because he wants to significantly increase his ownership in the company. facebook says zuckerberg will likely sell enough of his shares to cover the tax bill. >> nice to be in that position. >> exactly. >>> meteorologist mike nicco here. we had rain this morning is it just about out of here? >> steady rain, but still showers will continue by tonight it is completely gone. i'll show you how much rain fell in the a second. the flurries in tahoe not much of a snow maker the most is a half inch to an inch as we expected just not helping the situation out much if at all. a few people on the ski lift there, still good powder to be snowed on skied on. here we are looking at clouds not as thick as they were this morning starting to thin out. emeryville towards san francisco fairly quiet
. the surprise of mark zuckerberg's salary. and dropping all charges against four former police officers but here is are who on why they are not off the hook yet. >> we will tell you more about the morning commute and bay area weather. . >>> in a week long assault they have killed hundreds. reportedly tanks surrounded the city and has killed many women and children. they are now considering a joint mission to send object surfers back into syria. they say it was concerned about security. >>> and about the former president bush and president barack obama, some have reengaged in hostile activity. the report calls for restrictions on further prisoner restrictions to remain in place. >>> investigators are checking out the escape of a death row inmate. they searched the area and the property had belonged to killer westerly sherman time. after that, somebody committed suicide and he said heel reveal where some of his victims were buried. it included the nine-year-old kidnapped in 1988. the search turned up nothing last december but investigators are not saying if they found anything this time. >>> mobil
, founder mark zuckerberg could get a record-high two billion dollar tax bill.industry experts say they've never seen one that high.it could happen when zuckerberg exercises his stock options.right now, he owns nearly 414 million shares and can buy 120 million more at a six cents a share.in its filing last week, facebook valued its shares at nearly 30 dollars each.for business brief, i'm edgar treiguts. -----end-----cnn.script----- coming up... a close call for one texas wooan... who narrowly escaped from a burning car.what she was doing... minutes before the car went up in flames. flames. 3 3
-1 mark zuckerberg describes utopia marketing on facebook. doing good that's also good for business. saying "we think a more open and connected world will help create a stronger economy with more authentic businesses that build better products and services." in the s-1 the company lays out how its combination of free facebook pages as well as paid ads allow companies to not just reach their target audience, which is people who are already interested in them, but also lets those customers, those interested customers, spread the word to their friends and reach an even broader metric. now, the results are as wide ranging as proctor & gamble growing u.s. sales for its secret dee ode rant 9% to paramount reaching 65 million u.s. users in just one day with ads for the latest transformers movie. and american express, which used facebook promotions to boost transactions 23% on its so-called small business saturday. the better the results of these promotions with this big corporate friends, the better a chance facebook will have of continuing to ramp up its advertising business. simon. >> it
. >> and still coming up tonight the face book ipo, challenges mark zuckerberg will face when they go public with stock autos help with your house payment. the president's plan for underwater homeowners that may not make it through congress. >> and the pill packaging mix up >>> good evening, again, face book opened books today, and gave potential investors a glimpse of the bottom line to prepare for its much-anticipated initial public offering of stock. david louie is live at face book headquarters tonight. david? >> you learn a lot about a company once it decides to go public, facebook made a profit last year. and will be a lot more open and transparent as it tries to raise $5 billion in its ipo. for a company starting in a dorm room, facebook hit big time in just eight years. and the public offering dwarfs google's in 2004. money raised can go to expanding services, hiring more employees or buying up smaller tech start ups. it will make mark zuckerberg a bill yiin yair. -- billionaire. steve diamond is a securities law professor he does now have to answer to a wider audience in a sense. an
. >>> as for facebook ceo mark zuckerberg his salary will fall to $1 a year. do not sweat his income level there. according to his ipo filing, zuckerberg took home about $1.5 million this year in salary, bonus and compensation, but that is nothing compared to his stock holdings. zuckerberg owns more than 28% of the company which if you total all of thaall up will be worth about $100 billion. how about this? one of those twins tweeted we're excited for the facebook ipo and wish the company and all involved the very best. an amazing accomplishment. cameron and his brother, you may recall, claim to have come up with the original idea for facebook and they sued for greater compensation. >> i'm sure those two are doing just fine. >> i'm sure they are. >> so all of the clouds burned off and it turned out to be a nice day. >> it really is, and we are climbing in temperature. already in the 60s and here in san jose. 60 in santa rosa, holding on to the mid-50s in oakland and san francisco and you, too, will touch on the 60s before the day is done. we'll see sunshine today and the warm-up kicks into high
zuckerberg. it is the murals he spread over the offices of facebook in 2005, that made choe a very rich man, and splashed his face on the front of "the new york times," that outed him. how did you feel when you heard you might be worth an estimated $200 million? >> it's how did i feel about the rest of the world like that? which i hated. i was at home. and i was in bed. and i got a text message. and it was a woman i hadn't spoken to in five years. and she offered me oral sex every day for the rest of my life for $2 million. just out of the blue. i'm sitting there. and she's like, i will do this for you. i don't want a ring. i don't want to be married. just out of nowhere. i was like, what the hell's happening? >> reporter: the thing is, david, most people would be thrilled with $200 million. for you, it's causing you pain. >> i cannot buy my privacy back. every news, al-jazeera, every news organization in the world is beating down a door trying to get an interview. and i'm like, oh, my god. >> reporter: have you kept all the stock? or have you sold some? >> i sold some a while back. >> repo
laine, eminem, and mark zuckerberg, all rolled up into one. we'll explain. but first -- >> lin, alley-oop. >> reporter: tonight, lin led the new york knicks into their seventh win in a row. if you're not familiar with the fairy tale, jeremy lin is the world's unlikeliest current nba star. unrecruited by big universities. undrafted out of college. cut by two teams this season. he's sleeping on his brother's couch in new york, before leading the knicks on a winning rampage. >> banks it in. wow. >> reporter: averaging more than 26 points a game. now, he's moved into a posh trump building. he's a devout christian. and also one of the first american-born asian players ever. and the first from harvard since the 1950s. an economics major, by the way. simply put, this has never happened. not to mention, this, the absolute mania over his success. >> lin-sanity. >> reporter: courtside seats for the knicks can now run you over two grand. official t-shirts and jerseys are completely sold out. and he has hundreds of thousands of twitter followers in just a week. it got taiwanese animators drawing
will become billionaires. mark zuckerberg will be worth about $28 billion. and even though facebook will be publicly traded, zuckerberg will have final say in how the company is run. >>> bucker berg and his group will control more than half the company. when you think of a company going public, what you think about is generally the public can own a big part of it. in this case, this will be a publicly traded company, which means you can buy and sell stock at the stock exchange or through your broker. but it will be operated like a privately held company. >> facebook turned in a billion dollar profit last year. its initial stock price is expected to be about $53 a share. >>> coming up later, the warriors and the team from salt like city going up and now >>> a little peyton manning news, and what's up with the super bowl? give your loved ones what they really want! this valentine's day, the new color of love is... white! exclusively at verizon, get the white droid razr by motorola! thin. fast. smart. strong. more color. same droid razr. on america's fastest, most reliable 4g network.
science, technology and engineering. >>> the facebook initial public offering will make mark zuckerberg a billionaire but will come with a $2 billion tax bill. that's because zuckerberg wants to buy 120 million shares of the company at only 6 cents per share. so he will have to pay the difference between that price and what the stock is actually worth. >>> and buying a big appliance often involves delivery and installation something that consumers pay extra for. on the consumerwatch, julie watts explains how one customer got a lot more than he bargained for. >> reporter: when shawn brought a new microwave at home depot he figured why not pay an extra $100 for delivery and installation? >> i'm a cook not a handyman. i'm going to go ahead and let them do it. >> reporter: when the technicians arrived with his microwave he almost immediately began to regret that decision. >> when they unbolted the old oven it dropped on the range. >> reporter: he says that damaged his stove, dented his refrigerator and he says the destruction didn't stop there. >> as they were take the old oven out, they ac
's founders said there will be more pressure on mark zuckerberg. >> you have to be more accountable, more transparent. you have to make sure the share price stays robust. >> keeping shareholders happy will not be the only challenge for mark zuckerberg. facebook users are facing more advertising and staying friends with them has become a lot harder. >> how significant is facebook's big move? i am joined by a media reporter for "the new york times." let us pick up with this idea of advertisements on facebook. the have to tread a fine line. a lot of users are not going to like that. >> this type of advertising is a whole new universe that is just beginning to be figured out. one of the reasons the facebook ipo is so interesting to so many people is that this is a universe that is not entirely clear yet. the value is not entirely clear. advertising is the key. facebook has so much personal data. every time you like something on facebook or post a picture or comment on a friend's wall, you're giving facebook more data for their advertising. the have only begun to figure out how well they can t
: the filing indicates mark zuckerberg will control 57%. unclear mow much his shares will be worth, he could be worth as much as 25 to $30 billion. he and others will pitch the company to investors. >> to decide what price to offer the shares at and that will depend on the reaction they get on the road show. >> reporter: facebook's revenue grown from $777 in 2009 to 3.7 last year. 12% came from zinga. that is a key source of revenue. other risks include failing to keep users, any improper disclosure of information. >> reporter: here is a look at the employees leaving the menlo park campus. a few honks today. in the filing, mark zuckerberg included a letter where he pledges to stay true to its roots. maureen naylor, ktvu channel 2 news. >>> more details now on facebook. a majority of revenue is generated from advertisement. it created for 98% of its revenue in 2009. 95% in 2010 and 85% in 2011. the filing mentioned one new market, china. facebook says users are restricted from accessing it from china but the team is working with policy makers around the world. >>> facebook's move gave a boost
. insisting that mark zuckerberg add woman to the all male board room. >> you sit there because you deserve it. and you have the merit and qualified to do so. it has nothing to do with the fact that you have a skirt on all day. cheryl, i wouldn't want to be handed anything as a woman. we worked too hard to prove how smart we are. don't hand it to the woman unless she deserves it. >> wayne, you think a public company should be pressured like this? >> it is a free market. buy the stock or sell the stock. it doesn't matter. they happen to be an institutional investor and institutional service. iss have certain rules. if they want to political size something or make a statement of whether you have a woman or don't have a woman they can do whatever they want to and they don't have to buy the stock. no one is compoling them to buy the stock. zuckerberg can appoint who ever the hell he want to and say to them go fly a kite. >> cheryl stamburg is the one that is running the company. she's's woman. does she have to put it on the board to make it fair? >> no. she is one of the best. facebook proves that
's official. facebook files paperwork to go public. how much money it wants to raise. and mark zuckerberg's salary revealed. >>> it's really sad that they would think it's okay to stop allowing women to get this kind of healthcare. >> the nation's biggest breast cancer charity dumps planned parenthood. the reason susan g. komen gave for cutting ties. and what critics believe is the real motive. >>> i'm not concerned about the very poor. >> after a big win in florida, how mitt romney is trying to explain his morning after mistake. ,,,,,,,, private to public with a >>> pays to have friends. today facebook took the first step in switching its profile from private to public with a potentially record setting stock opportunity. new at 6:00, ken bastida with the changes that could be in store for the social media giant. >> reporter: that's right, allen. facebook fans, investors, users, have all been waiting for had for years. today the company took the first step, it's only a first, filed what's called a registration with the sec for an initial stock sale. ipo, initial public offering. if all go
remains with mark zuckerberg. whose rise to a ceo was highlighted in the movie the social network. unclear how much the shares will be worth, mark zuckerberg could be worth as much as 25- $30 billion. but past ipos have shown success is not guaranteed. >> there is concern the market lost its taste for social networks and the money that was there for facebook may not be there no longer. >> reporter: that stock market debut will happen in 3-4 months and facebook would like to list under fb. we will pour through all these documents and we will have more on what we are finding, including the importance of zinga to facebook. maureen naylor, ktvu channel 2 news. >> good news for california lawmakers as say the work on next year's budget. the state could take in hundreds of millions of dollars from capital gains taxes. leaders issued a statement saying california should make sure the california funds schools and pays down the debt. >>> the nys&nasdaq are in a face-off against facebook. there are a lot of questions facebook will use for its ticker symbol. the company reserved the letters
-- >> if zuckerberg says, no, i want to give shares of the offer price, do you think morgan stanley is going to say, take a hike because we don't want that to happen. >> we don't know if he's going to say it. >> that's a lot of users. who gets the opportunity? you have more users than you're going to have shares. >> have a lottery on facebook. >> all right, a lottery. >> if i friend somebody, do i get a couple of shares. if i friend you, will i get a couple -- >> you need to join facebook. that's job number one. there's a whole swath of the country that has little to no interest in being on this game, right? >> i personally don't. >> they could probably raise another -- >> hello, cramer! i do not put pictures of my family or pictures of myself in lewd positions. nasty. >> thanks for the image there, thanks. >> i'm a young-looking 66. >> you look fabulous for 66. >> faber, are you on facebook? >> no -- well, i went on because i interviewed zuckerberg years ago and i wanted to see what it was about. i went on for a bit and i didn't stay with it. >> did you create a real account or a fake account? >>
. dozens of revelations that the company is putting its best foot forward for wall street. mark zuckerberg for the first time, outlining the five pain values. among them, be fast and break things. facebook might create overnight millionaires in the bay area. we go to menlo park, where people are already buying. first, we start with our tech reporter at facebook headquarters with eye-opening details. >> reporter: everything about facebook is big at this point. it's been around for eight years. and just filed papers to bring in a deal that would bring in $5 billion and value the company about where cisco systems sits. but facebook has been making money for a while now. in 2011, it pulled in some $3.7 billion in revenue. so, it is a force in the internet world to be reckoned with. a couple of quick stats. zynga, the san francisco gaming company, brings in some 12% of facebook revenue. now that we look for that, look for a pop in zynga stock tomorrow morning. and mark zuckerberg. how much is the ceo worth? he has some 28% of facebook stock, which, at $100 billion valuation, would make zuckerbe
, facebucks, facebook's new ipo is about to make mark zuckerberg and company a lot of dough, but what are the long-term implications for the site? the author of the book that inspired "the social network" joins us next on "now." ♪ eggland's best eggs. -the best in nutrition... -just got better. even better nutrition -- high in vitamins d, e and b12. a good source of vitamin b2. plus omega threes. and 25% less saturated fat than ordinary eggs. but there's one important ingredient that hasn't changed. -better taste. -better taste. -better taste. -mmmm... [ female announcer ] eggland's best. better taste and now even better nutrition make the better egg. >> my name is jane and i've got osteoporosis. but i'm an on-the-go woman; i've been active all my life. that's why i'm excited about reclast. it's the once-a-year i.v. osteoporosis treatment. reclast helps to restrengthen my bones to help make them resistant to fracture. and with reclast, well, no other osteoporosis treatment is approved to help protect in more places-- hips, spine, even other bones. >> announcer: you should not take r
and its founder and c.e.o. mark zuckerberg. mr. zuckerberg and his company have become a remarkable american business success story. as part of that success, facebook is in the process of making its initial public offering of stock. the public documents that facebook is required to file as part of that offering tell another compelling story about one of our tax codes unjustified corporate loopholes. according to its filings, when facebook goes public, mr. zuckerberg plans to exercise options to purchase 120 million shares of stock for six cents a share. mr. zuckerberg's shares obviously are going to be worth a great deal more than six cents each or a total of about $7 million. it will apparently be worth in the neighborhood of $5 billion. now here's where the tax loophole comes in. under current law, facebook can perfectly legally tell investors and the public and regulators that the stock options that he received cost the company a mere 6 cents a share. that's the expense shown on the company's books. but the company can also perfectly legally later on file a tax return claiming th
to all of the investors and that cash, that's how it grows, right? now, mark zuckerberg's going to have to answer to hedge fund managers. and he'll have to answer to people who are investors in his company. it will be interesting to see how the company might have to change and how things might have to change for us. >> that's the downside, right? it's a cultural change for them. >> it is. along with the filings, mark zuckerberg wrote a letter attached to the filings. talking about the engineering, the hacker way at this company. it is really a singular kind of culture there. and a lot of tech companies have this issue. and they become public. and say don't change us. this is what has worked for us. something so interesting about the letter with zuckerberg put with the ipo filing. we often talk about inventions like the printing press and the television. today, our society has reached another tipping point. ooh, the printing press and the television. so, facebook has changed the world. it has. it had a $1 billion profit last year. how is he going to drive that company so match that kind
to the man behind the social obsession. mark zuckerberg inside facebook airs tonight on cnbc 8:00 p.m. eastern time. >> let's look at how of the stock investments in facebook are trading ahead of this ipo are trading ahead of this ipo environment. >>> welcome back. investors anxiously awaiting the ipo filing from facebook. it could happen any moment now. kayla joins us with the preview of the social media offering. >> maria, we're expecting it today, now that nearly an entire trading day has gone by, it is an any minute now scenario. they say the company will raise $5 billion, as investors show interest. we've learned allen and company will join the investment banks that are taking the social network public. mark zuckerberg attends the retreat in sun valley, idaho, every year. what the investors want most is growth. any inkling of strategy, where the company cease promise, and what started as a procrastination tool for college students has a platform that's set to grow profits. the filing could get pushed to tomorrow. today holds a special place in facebook's news. the company was f
posted this video of mark zuckerberg helping to spray paint one of his murals. zuckerberg offered him cash or stocks for his work. he took the cash. >> that's amazing. it's fantastic. i mean that's what you hope for when you work with artists. >> reporter: a cho mural graces an outside wall at the domonique gallery in san jose. this was the first gallery to display his work. the gallery owners remember seven years ago when the then starving artist was living in san jose talked about his latest project. >> he basically said he met this young 20-year-old who had started up this company called facebook. he was asked to do a mural with him. >> reporter: before facebook, 11 years ago kho did the walls of a friend's hair salon in san jose. a 50 feet long, 18 feet high mural that captured some of cho's graffiti beginnings in los angeles. >> i always told dave from the beginning, i said everything dave touches turns to gold. so you know what it's not a surprise to me. >> reporter: friends say david kho talked about how mark zuckerberg disagreed with some of his paintings but cho would not com
on record. now, long keep secrets are public. first off, we know mark zuckerberg owns 28% of the company. that means he could be worth more than $28 billion if facebook reaches a market cap of00 billion. facebook started eight years ago but a 19-year-old zuckerberg. the start up and ceo are ou all gronz up but the journey is far from over. we've been digging through the f 1 filing for details and we know there are 845 million users world wide and facebook's revenue surged 88% in 2011 and profit on a steady march up to $1 billion last year, becoming profitable in 2009. business is strong, as far as risk factors facebook cites google plus and media coverage mentioning the google site about 18 times, putting those factors aside a big part is tied to that little button that says like, a way to tell the world your preferences. the more you like, the more powerful facebook becomes. right now, ads are a big, the biggest part of the facebook future, hope is that the company will become less dependent on them. >> their hope, the hope of the enthusiastic investors is that in the future there is go
. >> the ceo, mark zuckerberg is trying to get his employees to test the limits, talking about the hacker way, at facebook praising, yes, hackers. and zuckerberg says some of the best ideas have come from hackathons including time line. he wants more of them. the idea isn't too far fetched. companies long championed the hacker mentality. before building apple steve jobs sold so-called blue boxes bypassing the foin company to make people make free phone calls. some followers say zuckerberg is just following in their footsteps. and facebook is famous for his hackathons back to his first employee hired as depicted in the film "the social network". as for other tech news, problem sony has gotten a lot worse. this morning sony more than doubled a forecast of its annual loss for the fiscal year and will be the fourth consecutive annual loss from sony, worst run of luck the company has seen. and aol's huffington post says it plans to create live programming that will be seen on the huffington post and aol web sites and on televisions via sony play station and devices from roku. the network will feat
founder mark zuckerberg a billionaire. >> he has to answer to a wider audience in a sense and so i notice he did switch off the hoodie for a tie when met with president obama. so when ends up at some point in testimony before congress or for some antitrust issue or some other concern of the business it will be an interesting test to see whether he is ready for that. >> reporter: however, he dresses, zuckerberg laid out an ambitious future for facebook and its 845 million users. in the championship'company's d the scale of the technology and infrastructure that must be built is unprecedented. we hope to strengthen how people relate to each other and connect to businesses and the economy. we hope to change how people relate to their governments and social institutions. with facebook's global reach and high visibility the company will have to tackle authority issues head on. scott sellers is a valley startup veteran who has already been through an ipo. >> tricky issues that they haven't been faced to confront in a more direct manner. privacy issues a major issue for them and the occasional o
. on his blog, david cho posted this video of mark zuckerberg helping to spray paint one of his murals. zuckerberg offered him cash or stocks for his work. he took the cash. >> that's amazing. it's fantastic. i mean that's what you hope for when you work with artists. >> reporter: a cho mural graces an outside wall at the domonique gallery in san jose. this was the first gallery to display his work. the gallery owners remember seven years ago when the then starving artist was living in san jose talked about his latest project. >> he basically said he met this young 20-year-old who had started up this company called facebook. he was asked to do a mural with him. >> reporter: before facebook, 11 years ago kho did the walls of a friend's hair salon in san jose. a 50 feet long, 18 feet high mural that captured some of cho's graffiti beginnings in los angeles. >> i always told dave from the beginning, i said everything dave touches turns to gold. so you know what it's not a surprise to me. >> reporter: friends say david kho talked about how mark zuckerberg disagreed with some of his paintin
the latest online at nbc sports.com. >>> straight ahead, billion and a half reasons mark zuckerberg could put a big old smile on uncle sam's face. uhh! [ alyson ] just keep walking... ♪ oh, come on! ♪ ugh, again! [ sniffs ] that's what i'm talkin' about. [ female announcer ] up to 100% flake-free, flirty hair. new head & shoulders green apple. [ female announcer ] up to 100% flake-free, flirty hair. don't our dogs deserve to eat fresher less processed foods just like we do introducing freshpet healthy recipes of fresh meat and fresh veggies so fresh the only preservative we use is the fridge freshpet fresh food for fido the calcium they take because they don't take it with food. switch to citracal maximum plus d. it's the only calcium supplement that can be taken with or without food. that's why my doctor recommends citracal maximum. it's all about absorption. that's why my doctor recommends citracal maximum. what do you get when you combine the home depot with this weekend? the cure for cabin fever. because with... get-it-done savings on everything we need... ...we can turn this weekend
letter from mark zuckerberg to potential investors where he talked about how the company's mission is more important than making money to him. the money enabled him of fulfill the mission of putting the world in contact with each other and doing it the hacker way, as he describes it. it was pretty interesting. >> brown: first, nate elliott, fill in the business model, the advertising. how does facebook make its money? you look at a moment like this when everybody is trying to figure out how much it's worth. how does it it-- to use that ugly word-- monetize all this information that it gathers? >> well, what they're doing right now is selling advertiseletments faeps the people who visit their web site. it's what i call a nice little business. it's a pretty basic revenue model. the good news for facebook is they have 800-plus million people who come to the site every month, 400 million-plus, per day. even a nice little business like that across 800 million people turns into several billion dollars in revenues. >> brown: you say it's a nice little business. is there a plan that jumps
mark zuckerberg have too much power? why some are calling for serious changes at the social network. >>> judgment date controversial case involving marine. we are back in ea mar 2in we are back in 2. >>> the san francisco district attorney's office says it will not charge a woman arrested over the weekend for allegedly throwing a dog out of a third story window. police arrested 22-year-old danielle walker after getting a call that she had tossed a jack russell terrier out of a window. neighbors think it's the same dog discould have around a scaffolding outside the apartment building a few weeks ago. at that time, they say animal care and control rescued the dog and return it had to the owner. >> that is just horrific. >>> hundreds of demonstrators joined a statewide demonstration against the so-called 1%. a new study shows how top ear r earners are holding back the working class. >> disproportionately some of us have suffered a lot, others of us continue the same. >> today's march in the silicon valley was part of a coordinated statewide action that included similar events in sacr
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